natural gas

Natural Gas Futures Fall Second Day, but Finish Ahead For Week

Natural Gas Futures Fall Second Day, but Finish Ahead For Week

Natural gas futures gave up ground Friday as buyers moved to the sidelines after a furious rally earlier in the week. The June Nymex gas futures contract declined 22.5 cents day/day and settled at $8.083/MMBtu. Still, it gained 5.5% for the week. July shed 22.2 cents on Friday to $8.178. At A Glance: Futures tumble…

May 20, 2022
Engie Sees ‘Incredible Development Potential’ in Mexican Southeast Region, COO Says

Engie Sees ‘Incredible Development Potential’ in Mexican Southeast Region, COO Says

French utility Engie SA, which recently constructed and began operations on the Cuxtal I natural gas pipeline in the Yucatan peninsula, sees “incredible development potential” in the southeast region of Mexico, the company’s COO, Ana Laura Ludlow, told NGI’s Mexico GPI. Engie is also ready to start work on expanding capacity on the Mayakan pipeline…

May 20, 2022
FERC Says LNG Export Growth Key Factor in Higher Summer Natural Gas, Electric Prices

FERC Says LNG Export Growth Key Factor in Higher Summer Natural Gas, Electric Prices

Driven in part by liquefied natural gas (LNG) exports, demand growth will outpace supply gains this summer, leading to higher prices year/year, FERC said in its 2022 outlook on summer energy markets. Compared with summer 2021 levels, total domestic dry natural gas production is expected to increase 3.4% this summer, while total consumption is projected…

May 20, 2022
June Natural Gas Futures Falter Even As Demand Abounds

June Natural Gas Futures Falter Even As Demand Abounds

Natural gas futures forged ahead most of Thursday, as they did every other session this week, bolstered by supply concerns and the potential for inadequate storage injections. Still, profit-taking in the final hour of trading shifted the prompt month into the red. The June Nymex gas futures contract settled at $8.308/MMBtu, down 6.0 cents day/day.…

May 20, 2022
Matterhorn Sanctioning May Signal Unleashing More Permian Natural Gas Supply

Matterhorn Sanctioning May Signal Unleashing More Permian Natural Gas Supply

A consortium of oil and natural gas firms is moving forward with plans to develop a greenfield 2.5 Bcf/d intrastate natural gas pipeline from the Permian Basin in West Texas to the Katy area, near Houston. The project still needs state approvals. Sanctioning of the Matterhorn Express Pipeline was announced Thursday by partners WhiteWater Midstream…

May 20, 2022
ExxonMobil Says Adios to Barnett in $750M Deal with Denver’s BKV

ExxonMobil Says Adios to Barnett in $750M Deal with Denver’s BKV

ExxonMobil on Thursday said goodbye to the Barnett Shale in North Texas after securing $750 million from Denver-based BKV Corp. for the natural gas-rich portfolio in North Texas. The transaction, set to be completed by the end of June, would require additional payments to ExxonMobil contingent on future natural gas prices. The deal includes 160,000…

May 20, 2022
Atmos Says Natural Gas Fuel Cell Offsets More Carbon than Solar, Wind in Less Space

Atmos Says Natural Gas Fuel Cell Offsets More Carbon than Solar, Wind in Less Space

A newly installed natural gas-powered fuel cell at Atmos Energy Corp.’s corporate data center generates low-emission, grid-independent electricity, and the Dallas-based utility is finding more ways to curb emissions as its multistate customer base grows. “Natural gas once again proves it plays a pivotal role in lowering greenhouse gas emissions while increasing reliability to our…

May 20, 2022
Heat, Lackluster Production Sizzling North American Natural Gas Prices – Mexico Spotlight

Heat, Lackluster Production Sizzling North American Natural Gas Prices – Mexico Spotlight

Natural gas prices at points key to Mexico surged above $8.00/MMBtu this week as hot weather in North America and lingering production concerns drove bullish sentiment in the market. Analysts continue to see pricing being pushed to the upside in the months ahead. The U.S. Energy Information Administration (EIA) expects natural gas delivered to electric…

May 19, 2022
Natural Gas Prices Surge Beyond $8.00 Threshold

Natural Gas Prices Surge Beyond $8.00 Threshold

Natural gas futures see-sawed in a narrow range of gains and losses through much of trading Wednesday, but the prompt month ultimately climbed for a third consecutive day as demand looked to outstrip supply. At A Glance: BREAKING: U.S. EIA reports 89 Bcf injection of natural gas into storage for the week ended May 13…

May 19, 2022
Colombia’s Ecopetrol, Oxy Teaming Up On Deepwater Exploration as Natural Gas Takes Center Stage

Colombia’s Ecopetrol, Oxy Teaming Up On Deepwater Exploration as Natural Gas Takes Center Stage

Colombian national oil company Ecopetrol SA and a unit of Occidental Petroleum Corp. (Oxy) have signed a deal to jointly explore four deepwater areas in the Caribbean. Blocks COL 1, COL 2, COL 6 and COL 7 are located, on average, about 150 kilometers or 93 miles off Colombia’s northern coast. The companies, which also…

May 18, 2022
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